thg operations holdings limited
thg operations holdings limited Company Information
Company Number
12242084
Next Accounts
Sep 2025
Shareholders
thg intermediate opco limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
icon 1 7-9 sunbank lane, ringway, altrincham, WA15 0AF
Website
http://thehut.comthg operations holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THG OPERATIONS HOLDINGS LIMITED at £5.3b based on a Turnover of £2b and 2.61x industry multiple (adjusted for size and gross margin).
thg operations holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THG OPERATIONS HOLDINGS LIMITED at £14.7m based on an EBITDA of £1.3m and a 10.89x industry multiple (adjusted for size and gross margin).
thg operations holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THG OPERATIONS HOLDINGS LIMITED at £1.4b based on Net Assets of £1.1b and 1.31x industry multiple (adjusted for liquidity).
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Thg Operations Holdings Limited Overview
Thg Operations Holdings Limited is a live company located in altrincham, WA15 0AF with a Companies House number of 12242084. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2019, it's largest shareholder is thg intermediate opco limited with a 100% stake. Thg Operations Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £2b with healthy growth in recent years.
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Thg Operations Holdings Limited Health Check
Pomanda's financial health check has awarded Thg Operations Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £2b, make it larger than the average company (£18.9m)
£2b - Thg Operations Holdings Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.5%)
7% - Thg Operations Holdings Limited
10.5% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (36.3%)
41.1% - Thg Operations Holdings Limited
36.3% - Industry AVG
Profitability
an operating margin of -8.5% make it less profitable than the average company (4.5%)
-8.5% - Thg Operations Holdings Limited
4.5% - Industry AVG
Employees
with 7961 employees, this is above the industry average (104)
7961 - Thg Operations Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has an equivalent pay structure (£44.7k)
£39.7k - Thg Operations Holdings Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £256.9k, this is more efficient (£191k)
£256.9k - Thg Operations Holdings Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (45 days)
19 days - Thg Operations Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (44 days)
111 days - Thg Operations Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 89 days, this is more than average (40 days)
89 days - Thg Operations Holdings Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (14 weeks)
24 weeks - Thg Operations Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.6%, this is a lower level of debt than the average (69.7%)
62.6% - Thg Operations Holdings Limited
69.7% - Industry AVG
THG OPERATIONS HOLDINGS LIMITED financials
Thg Operations Holdings Limited's latest turnover from December 2023 is £2 billion and the company has net assets of £1.1 billion. According to their latest financial statements, Thg Operations Holdings Limited has 7,961 employees and maintains cash reserves of £359.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 2,045,378,000 | 2,239,229,000 | 2,179,910,000 | 1,666,521,000 |
| Other Income Or Grants | ||||
| Cost Of Sales | 1,205,088,000 | 1,359,254,000 | 1,225,506,000 | 929,850,000 |
| Gross Profit | 840,290,000 | 879,975,000 | 954,404,000 | 736,671,000 |
| Admin Expenses | 1,014,007,000 | 1,354,088,000 | 1,077,361,000 | 810,218,000 |
| Operating Profit | -173,717,000 | -474,113,000 | -122,957,000 | -73,547,000 |
| Interest Payable | 79,853,000 | 57,050,000 | 49,419,000 | 50,543,000 |
| Interest Receivable | 10,622,000 | 1,997,000 | 430,000 | 380,000 |
| Pre-Tax Profit | -242,948,000 | -529,166,000 | -171,946,000 | -123,710,000 |
| Tax | 18,013,000 | 12,376,000 | 41,936,000 | -5,053,000 |
| Profit After Tax | -224,935,000 | -516,790,000 | -130,010,000 | -128,763,000 |
| Dividends Paid | 300,000,000 | |||
| Retained Profit | -224,935,000 | -816,790,000 | -130,010,000 | -128,763,000 |
| Employee Costs | 315,832,000 | 336,015,000 | 305,284,000 | 260,038,000 |
| Number Of Employees | 7,961 | 9,039 | 8,607 | |
| EBITDA* | 1,346,000 | -314,242,000 | 48,196,000 | 34,370,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 316,068,000 | 416,506,000 | 715,237,000 | 503,719,000 |
| Intangible Assets | 1,485,520,000 | 1,546,217,000 | 1,449,605,000 | 617,605,000 |
| Investments & Other | 9,399,000 | 22,967,000 | 1,400,000 | |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 1,801,588,000 | 1,962,723,000 | 2,164,842,000 | 1,121,324,000 |
| Stock & work in progress | 297,143,000 | 373,271,000 | 466,781,000 | 302,678,000 |
| Trade Debtors | 108,827,000 | 119,270,000 | 116,608,000 | 74,305,000 |
| Group Debtors | 96,267,000 | 98,213,000 | ||
| Misc Debtors | 241,148,000 | 207,608,000 | 119,167,000 | 111,404,000 |
| Cash | 359,362,000 | 415,373,000 | 254,549,000 | 680,354,000 |
| misc current assets | 2,000,000 | 301,000 | 2,701,000 | 15,849,000 |
| total current assets | 1,008,480,000 | 1,137,220,000 | 1,056,073,000 | 1,282,803,000 |
| total assets | 2,810,068,000 | 3,099,943,000 | 3,220,915,000 | 2,404,127,000 |
| Bank overdraft | ||||
| Bank loan | 29,026,000 | 30,992,000 | ||
| Trade Creditors | 369,736,000 | 319,765,000 | 296,622,000 | 245,381,000 |
| Group/Directors Accounts | ||||
| other short term finances | 19,763,000 | 752,000 | 1,904,000 | |
| hp & lease commitments | 43,537,000 | 43,995,000 | 43,342,000 | 28,911,000 |
| other current liabilities | 294,570,000 | 352,344,000 | 449,879,000 | 278,469,000 |
| total current liabilities | 756,632,000 | 747,096,000 | 790,595,000 | 554,665,000 |
| loans | 1,844,900,000 | 1,877,158,000 | 1,589,888,000 | 1,465,689,000 |
| hp & lease commitments | 301,440,000 | 290,382,000 | 305,831,000 | 207,274,000 |
| Accruals and Deferred Income | ||||
| other liabilities | 4,189,000 | |||
| provisions | 161,388,000 | 213,040,000 | 207,230,000 | 27,112,000 |
| total long term liabilities | 1,003,144,000 | 1,049,288,000 | 898,559,000 | 747,682,000 |
| total liabilities | 1,759,776,000 | 1,796,384,000 | 1,689,154,000 | 1,302,347,000 |
| net assets | 1,050,292,000 | 1,303,559,000 | 1,531,761,000 | 1,101,780,000 |
| total shareholders funds | 1,050,292,000 | 1,303,559,000 | 1,531,761,000 | 1,101,780,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -173,717,000 | -474,113,000 | -122,957,000 | -73,547,000 |
| Depreciation | 55,691,000 | 50,896,000 | 72,120,000 | 48,982,000 |
| Amortisation | 119,372,000 | 108,975,000 | 99,033,000 | 58,935,000 |
| Tax | 18,013,000 | 12,376,000 | 41,936,000 | -5,053,000 |
| Stock | -76,128,000 | -93,510,000 | 164,103,000 | 302,678,000 |
| Debtors | 23,097,000 | -5,164,000 | 48,120,000 | 283,922,000 |
| Creditors | 49,971,000 | 23,143,000 | 51,241,000 | 245,381,000 |
| Accruals and Deferred Income | -57,774,000 | -97,535,000 | 171,410,000 | 278,469,000 |
| Deferred Taxes & Provisions | -51,652,000 | 5,810,000 | 180,118,000 | 27,112,000 |
| Cash flow from operations | 12,935,000 | -271,774,000 | 280,678,000 | -6,321,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -13,568,000 | 21,567,000 | 1,400,000 | |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | -1,966,000 | 30,992,000 | ||
| Group/Directors Accounts | ||||
| Other Short Term Loans | 19,763,000 | -752,000 | -1,152,000 | 1,904,000 |
| Long term loans | -32,258,000 | 287,270,000 | 124,199,000 | 1,465,689,000 |
| Hire Purchase and Lease Commitments | 10,600,000 | -14,796,000 | 112,988,000 | 236,185,000 |
| other long term liabilities | -4,189,000 | 4,189,000 | ||
| share issue | ||||
| interest | -69,231,000 | -55,053,000 | -48,989,000 | -50,163,000 |
| cash flow from financing | -105,613,000 | 840,438,000 | 747,037,000 | 2,884,158,000 |
| cash and cash equivalents | ||||
| cash | -56,011,000 | 160,824,000 | -425,805,000 | 680,354,000 |
| overdraft | ||||
| change in cash | -56,011,000 | 160,824,000 | -425,805,000 | 680,354,000 |
thg operations holdings limited Credit Report and Business Information
Thg Operations Holdings Limited Competitor Analysis
Perform a competitor analysis for thg operations holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in WA15 area or any other competitors across 12 key performance metrics.
thg operations holdings limited Ownership
THG OPERATIONS HOLDINGS LIMITED group structure
Thg Operations Holdings Limited has 10 subsidiary companies.
Ultimate parent company
2 parents
THG OPERATIONS HOLDINGS LIMITED
12242084
10 subsidiaries
thg operations holdings limited directors
Thg Operations Holdings Limited currently has 3 directors. The longest serving directors include Mr James Pochin (Oct 2019) and Mr John Gallemore (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Pochin | United Kingdom | 48 years | Oct 2019 | - | Director |
| Mr John Gallemore | England | 56 years | Oct 2019 | - | Director |
| Mr Damian Sanders | United Kingdom | 60 years | Jan 2025 | - | Director |
P&L
December 2023turnover
2b
-9%
operating profit
-173.7m
-63%
gross margin
41.1%
+4.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.1b
-0.19%
total assets
2.8b
-0.09%
cash
359.4m
-0.13%
net assets
Total assets minus all liabilities
thg operations holdings limited company details
company number
12242084
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
icon 1 7-9 sunbank lane, ringway, altrincham, WA15 0AF
Bank
-
Legal Advisor
-
thg operations holdings limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to thg operations holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
thg operations holdings limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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thg operations holdings limited Companies House Filings - See Documents
| date | description | view/download |
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